Matthew Licina
SHARE Plan Act Offers 3% Tax Reduction for Giving Stock to Lower-Paid Employees
The new Share Holder Allocation for Rewards to Employees Plan Act, or the SHARE Plan Act, has been introduced in the House. The bipartisan bill is sponsored by Representatives Tom Suozzi (D-NY) and Mike Kelly (R-PA). The bill would provide a tax reduction for large companies to share ownership broadly with employees.